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Nuclear power is the most economic large-scale technology

Nuclear power is currently the electricity production technology with the lowest production costs. Uranium is cheap and its production is broadly diversified geographically and secure over the long term. The electricity generated by a gas-fired combined cycle plant currently costs about 12 centimes per kWh in Switzerland, making it approximately 60 times more expensive than nuclear energy. Nuclear power offers major advantages in terms of climate protection. It scores very well in terms of CO2 emissions, with the lowest level of CO2 output after hydroelectricity. In addition, the new types of generation 3 and 3+ reactors have further increased operational safety.

However, nuclear power also has its disadvantages. To a certain degree, there is a lack of will in Switzerland to build new nuclear power plants. However, a majority of the general population supports the replacement of nuclear power plants at existing sites that are reaching the end of their life cycle. A further challenge is the radioactive waste, which has to be stored over a long period of time. The National Cooperative for the Disposal of Radioactive Waste (NAGRA) has drawn up a concept for the storage of radioactive waste in a deep geological repository and the plan has been approved by the Federal Council. This means that a storage solution is technically feasible.

Recent articles

Beznau nuclear power plant will implement the ENSI requirements

May 5, 2011

The Beznau nuclear power plant (KKB) intends to meet the requirements of the Federal Nuclear Safety Inspectorate (ENSI), drawn up following the accident at Japan's Fukushima nuclear power plant, within the defined deadline.

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Beznau replacement nuclear power plant

March 21, 2011

Applications for general licences suspended

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Media news

Profit falls significantly– Axpo restructures to improve performance and is planning investments of more than CHF 20 billion to ensure security of supply

January 23, 2012

Axpo Group profits are down substantially for the 2010/11 financial year (as per 30.9.2011). Operating profit (EBIT) of CHF 139 million and consolidated net profit of CHF 45 million were significantly below the figures for the previous year of CHF 538 million and CHF 409 million respectively.

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Axpo to forgo uranium from Mayak until the necessary transparency is established

November 12, 2011

Axpo has negotiated with its supplier Areva to enable the exclusion of uranium from the Mayak plant until the necessary transparency is established.

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Axpo is adapting its strategy and Group structures to reduce costs and exploit its earnings potential

September 14, 2011

Axpo is responding to the changed European energy market environment and new regulatory and statutory framework conditions in Switzerland by revising its strategy and adapting its Group structures.

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